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REGULAR MEETING JULY 27, 2015 <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the <br />area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited to two (2) calendar years from <br />the date of adoption of the Declaratory Resolution by the Common Council as shown by the <br />attachment pursuant to Indiana Code 6 -1.1- 12.1 -17. <br />SECTION V. The Common Council hereby determines that the property owner is qualified for <br />and is granted a real property tax deduction for a period of five (5) years as shown by the <br />attachment pursuant to Indiana Code 6 -1.1- 12.1 -17, and further determines that the petition <br />complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana <br />Code 6 -1.1 -12.1 et seq. <br />SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />Presenter: Brock Zeeb, Department of Community <br />you is a residential real property tax abateme <br />year period are $15,441. The estimated to <br />$2,142. The total taxes to be paid over th e (5) <br />discuss his residential home being bit, i u ha <br />(Councilmember Dr. Fred Ferl' e d the <br />Petitioner: J <br />building a <br />been cl <br />three <br />would lik <br />This being t <br />opponents v <br />(Councilmei <br />the C40kon Council <br />,tm ices the oor— Before <br />Theated over the five (5) <br />^d oLd ) year period are <br />9. Jeffery is here to <br />answer them. <br />Stre Bend— My wife and I will be <br />in an area that was pretty run down; the lots have <br />t of the Notre Dame housing program. We have <br />Went house and we need to build a larger one. I <br />'ublic Hearing on the above bill, proponents and <br />heard. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this bill, Councilmember Karen White made a motion to adopt resolution 15 -70. Councilmember <br />Gavin Ferlic seconded the motion which carried and the Resolution was adopted by a roll call vote <br />of seven (7) ayes. <br />15 -71 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br />OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS THE <br />SOUTHEAST CORNER OF ADAMS RD AND DYLAN DR, SOUTH BEND, <br />IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF AN EIGHT (8) YEAR REAL PROPERTY TAX <br />ABATEMENT FOR GLC PORTAGE PRAIRIE, LLC <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br />Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas <br />for the purpose of tax abatement consideration; and <br />14 <br />